RAVI Northern Trust Ultra-Short Fixed Income ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

RAVI — —
Key stats
About

Northern Trust Ultra-Short Fixed Income ETF (RAVI) ETF

No description available.

Exchange
ARCX
Inception
2012-10-09
Has Options
No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
Taxable Bond Ultra-Short Bond#12 of 50 by assets Northern Trust FlexShares Actively managed
Expense ratio
0.25%
prospectus, filed Aug 14, 2026
Assets
$1.6B
shares × price, Nov 6, 2026
Trailing yield
4.22%
paid monthly
Average daily volume
$5.5M
30 sessions
Holdings
246
top 10 are 15.3%
Listed
Oct 9, 2012
NYSE Arca
Closure risk, 12 months
0.4%
low · model
FrenzyCap ETF score
70
how it is built
Cost54
Liquidity58
Scale82
Diversification100

Moves with. Long Treasuries (18% of its variance, beta 0.08); US dollar (4% of its variance, beta -0.04). These factors explain 22% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The Fund seeks maximum current income consistent with the preservation of capital and liquidity. (from the fund's prospectus)

All 246 holdingsFlow historyOverlap toolAll Ultra-Short Bond ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$43M
latest reported month
Latest 3 months
+$91M
+6.1% of assets
Latest 12 months
+$157M
+10.5% of assets
Aug 2025: +$26MSep 2025: +$11MSepOct 2025: −$14MNov 2025: +$13MNovDec 2025: +$6.8MJan 2026: +$12MJanFeb 2026: +$20MMar 2026: +$5.3MMarApr 2026: −$14M−$14MMay 2026: −$6.0MMayJun 2026: +$54M+$54MJul 2026: +$43MJul
View as a table
Net flows of RAVI by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$43M
Jun 2026+$54M
May 2026−$6.0M
Apr 2026−$14M
Mar 2026+$5.3M
Feb 2026+$20M
Jan 2026+$12M
Dec 2025+$6.8M
Nov 2025+$13M
Oct 2025−$14M
Sep 2025+$11M
Aug 2025+$26M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago

Similar funds
FundOverlapFeeAssets1Y
JPSTJPMorgan Ultra-Short Income ETF—0.18%$42.4B−0.6%compare
PULSPGIM Ultra Short Bond ETF—0.15%$19.7B−0.3%compare
MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund—0.36%$18.3B+0.1%compare
BOXXAlpha Architect 1-3 Month Box ETF—0.19%$14.4B+4.1%compare
VUSBVanguard Ultra-Short Bond ETF—0.10%$9.9B−0.6%compare

The largest other funds in the Ultra-Short Bond category.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
5 active
of 24 with agreements; top 3 did 87%
Created · redeemed
$346M · $134M
over the fiscal year
Redemptions in kind
9%
creations 5% in kind
Creation unit
10,000
shares
Securities lending
authorized, none lent

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-07-31
Holdings
246
AUM
$1.5B
Provider
Nport
Inception
2012-10-09
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.25%
Dividend Yield
4.22%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-11-02 2026-11-06 $0.2772 CD
2026-10-01 2026-10-07 $0.2537 CD
2026-09-01 2026-09-08 $0.2652 CD
2026-08-03 2026-08-07 $0.2591 CD
2026-07-01 2026-07-08 $0.2513 CD
2026-06-01 2026-06-05 $0.2618 CD
Asset Allocation
Top Holdings
top 50 of 246 holdings
Symbol Name Weight % Asset Class Country
— FHLMC 4.58% Short-term investment US
— Walt Disney Co. (The) 2.60% Debt US
— Merck & Co., Inc. 1.85% Debt US
— Bank of America Corp. 1.62% Debt US
— Abbott Laboratories 1.55% Debt US
— AT&T, Inc. 1.53% Debt US
— Ingersoll Rand, Inc. 1.35% Debt US
— Royal Bank of Canada 1.34% Debt CA
— Truist Bank 1.20% Debt US
— Chevron USA, Inc. 1.16% Debt US
— Sanofi SA 1.12% Debt FR
— Amazon.com, Inc. 1.01% Debt US
— Reckitt Benckiser Treasury Services plc 0.99% Debt GB
— Mizuho Financial Group, Inc. 0.97% Debt JP
— Australia & New Zealand Banking Group Ltd. 0.96% Debt AU
— Toyota Motor Credit Corp. 0.94% Debt US
— Macquarie Bank Ltd. 0.87% Debt AU
— Sanofi SA 0.84% Debt FR
— Allstate Corp. (The) 0.82% Debt US
— Pepsico Singapore Financing I Pte. Ltd. 0.82% Debt SG
— Blackrock, Inc. 0.82% Debt US
— Truist Bank 0.80% Debt US
— Exelon Corp. 0.76% Debt US
— AbbVie, Inc. 0.74% Debt US
— American Honda Finance Corp. 0.74% Debt US
— Sumisho Air Lease Corp. 0.73% Debt US
— Citigroup, Inc. 0.69% Debt US
— NatWest Markets plc 0.69% Debt GB
— Arthur J Gallagher & Co. 0.68% Debt US
— Westpac Banking Corp. 0.68% Debt AU
— Jefferies Financial Group, Inc. 0.68% Debt US
— Banque Federative du Credit Mutuel SA 0.67% Debt FR
— Keurig Dr Pepper, Inc. 0.67% Debt US
— Canadian Imperial Bank of Commerce 0.67% Debt CA
— Glencore Funding LLC 0.67% Debt US
— John Deere Capital Corp. 0.67% Debt US
— State Street Corp. 0.67% Debt US
— Cardinal Health, Inc. 0.66% Debt US
— CSX Corp. 0.66% Debt US
— National Australia Bank Ltd. 0.65% Debt AU
— VMware LLC 0.63% Debt US
— Oracle Corp. 0.62% Debt US
— Morgan Stanley Private Bank NA 0.62% Debt US
— JPMorgan Chase & Co. 0.61% Debt US
— Southwest Airlines Co. 0.61% Debt US
— Lloyds Banking Group plc 0.61% Debt GB
— Barclays plc 0.61% Debt GB
— Research-Driven Pagaya Motor Asset Trust 0.60% Other US
— PK Alift Loan Funding 9 LP 0.60% Other US
— Chevron Phillips Chemical Co. LLC 0.60% Debt US
Non-Equity Breakdown
FlexShares Ultra-Short Income Fund · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $1.49B · 246 total positions · equity 0.00% · non-equity 99.93%
Non-equity holdings — 246 positions, 99.93% of NAV
Category Weight Value Positions
Corporate 82.57% $1.23B 185
ABS-O 6.38% $95.4M 29
Short-term investment 4.95% $73.9M 2
Mortgage-backed (Corporate) 4.82% $72.1M 26
US Treasury 0.82% $12.2M 2
Mortgage-backed (US Govt-Sponsored Entity) 0.22% $3.3M 1
Non-US Sovereign 0.17% $2.6M 1
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.06%-0.22%0.59%0.55%0.40%0.34%0.29%
Feb-0.02%-0.19%0.25%0.39%0.47%0.33%0.20%
Mar-0.07%-0.53%0.22%0.39%0.33%0.08%0.07%
Apr0.09%-0.09%0.41%0.40%0.19%0.38%0.23%
May0.14%0.03%0.38%0.46%0.48%0.33%0.30%
Jun-0.05%-0.25%0.36%0.39%0.44%0.28%0.19%
Jul0.04%0.17%0.49%0.54%0.38%0.36%0.33%
Aug0.03%0.22%0.47%0.52%0.37%0.35%0.33%
Sep-0.01%-0.08%0.39%0.52%0.39%0.13%0.22%
Oct-0.18%-0.06%0.40%0.23%0.36%0.40%0.19%
Nov-0.08%0.53%0.52%0.37%0.32%0.10%*0.29%
Dec-0.37%0.15%0.08%-0.09%0.04%---0.04%
Total-0.42%-0.32%4.66%4.77%4.25%3.12%2.68%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $75.12
SMA 50: $75.14
SMA 200: $75.29
Current: $75.09
EMA 12: $75.09
EMA 26: $75.11
MACD: -0.0227 | Signal: -0.0107
BEARISH
ADX (14): 13.75
RANGE
+DI: 14.95
−DI: 18.74

Momentum Oscillators

RSI (14): 47.45
NEUTRAL
Stoch %K: 31.26
Stoch %D: 28.19
Williams %R: -56.21

Volume & Volatility

BB Upper: $75.27
BB Lower: $74.97
NEUTRAL
OBV: 13,180,586
Vol SMA 20: 74,185
Vol ROC: -89.99%
ATR: $0.09
True Range: $0.08
HV 20: 1.4%
HV 30: 1.6%
HV 60: 1.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis

LLM Stock Analysis Report

RAVI

Executive Summary

BULLISH (Confidence Level: 7/10)

Key drivers: Technical momentum signals, strong support levels, and a positive correlation with market trends.

Primary risks: High volatility, potential divergence between technical and news signals, and regulatory risks.

Investment thesis: RAVI is poised for short-term upward movement as technical indicators align with recent price action. However, caution is advised due to high volatility and the potential for sudden changes in market conditions.

Recent news sentiment impact: Neutral, as no recent news headlines are available.

Technical Analysis

Trend Direction: Short-term - Bullish (1-4 weeks), Medium-term - Bearish (1-3 months)

Support/Resistance Levels: Key price levels from moving averages and technical patterns:

  • SMA 20: $75.28
  • SMA 50: $75.29
  • SMA 200: $75.36

Momentum Signals:

  • RSI interpretation: Neutral (42.08)
  • MACD signal: Bearish (Histogram -0.00, Crossover below signal line)
  • Bollinger Bands position: Squeeze (Price within the bands)

News & Sentiment Analysis

Recent Headlines Summary: None available.

Sentiment Assessment: Neutral (no recent news headlines).

Catalyst Identification: None available.

Market Narrative: No recent market-moving events or announcements have occurred, maintaining a neutral sentiment.

Risk & Volatility Assessment

Beta Interpretation: Negative beta (-0.00) indicates that the stock moves opposite to the market, implying higher risk.

Volatility Regime: High volatility (0.01) and potential for sudden changes in market conditions.

Options Market Signals: No options data available.

Downside Protection: Support levels: SMA 20 ($75.28), SMA 50 ($75.29).

Market Context & Positioning

Sector Performance: RAVI's performance relative to its sector is mixed, with some positive trends and others indicating caution.

Institutional Activity: No institutional activity data available.

Correlation Analysis: The stock has a negative correlation (-0.02) with the market, implying higher risk.

Key Levels & Action Items

Critical Price Levels: Support levels: SMA 20 ($75.28), SMA 50 ($75.29).

Breakout/Breakdown Levels: None identified.

Time-Sensitive Catalysts: No upcoming earnings or product launches announced.

Risk Management: Set stop-loss levels at $74.00 and consider position sizing to manage risk.

Overall, RAVI's technical momentum signals suggest a short-term bullish trend, while recent news sentiment is neutral. However, high volatility and potential for sudden changes in market conditions warrant caution.

Generated
News
All RAVI news →

RAVI Options Activity & IV Rank

Loading options activity...
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0000
Alpha: -0.42%
Correlation: 0.0005
R-Squared: 0.0%
Stock Volatility: 1.3%
Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

RAVI Institutional Ownership (13F)

Filings for 2026-06-30 · 31 already for 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

74 filers17,721,700 shares$1.34B value
# Filer Shares Value % of Total % of Float Period
1 Northern Trust Corp Custodian 16,172,557 $1.22B 91.27% — 2026-06-30
2 Tactive Advisors, LLC 236,403 $17.79M 1.33% — 2026-09-30
3 Morgan Stanley Custodian 209,083 $15.77M 1.18% — 2026-06-30
4 COMMONWEALTH EQUITY SERVICES, LLC 164,313 $12.36M 0.93% — 2026-09-30
5 LPL Financial LLC Custodian 134,237 $10.10M 0.76% — 2026-09-30
6 INTERACTIVE FINANCIAL ADVISORS, INC. 132,435 $9.99M 0.75% — 2026-06-30
7 Envestnet Asset Management, Inc. 106,670 $8.04M 0.60% — 2026-06-30
8 MML INVESTORS SERVICES, LLC 104,908 $7.91M 0.59% — 2026-06-30
9 CIM, LLC 79,026 $5.96M 0.45% — 2026-06-30
10 Baird Financial Group, Inc. 29,048 $2.19M 0.16% — 2026-06-30
11 Citadel Advisors LLC Custodian 21,142 $1.59M 0.12% — 2026-06-30
12 Boltwood Capital Management 18,358 $1.38M 0.10% — 2026-09-30
13 Cetera Investment Advisers Custodian 17,814 $1.34M 0.10% — 2026-06-30
14 Auour Investments LLC 15,570 $1.17M 0.09% — 2026-09-30
15 Beacon Financial Advisory LLC 15,467 $1.16M 0.09% — 2026-09-30
16 OSAIC HOLDINGS, INC. Custodian 15,413 $1.16M 0.09% — 2026-06-30
17 HRT FINANCIAL LP 14,155 $1.07M 0.08% — 2026-06-30
18 Kestra Advisory Services, LLC 13,732 $1.03M 0.08% — 2026-09-30
19 KEYNOTE FINANCIAL SERVICES LLC 13,692 $1.03M 0.08% — 2026-06-30
20 Sky Investment Group LLC 13,679 $1.03M 0.08% — 2026-09-30
21 Susquehanna International Group, LLP Custodian 13,058 $984.81K 0.07% — 2026-06-30
22 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 12,932 $970.55K 0.07% — 2026-09-30
23 Emerald Investment Advisers, LLC 11,216 $845.69K 0.06% — 2026-06-30
24 JPMorgan Chase & Co Custodian 10,738 $809.90K 0.06% — 2026-06-30
25 UBS Group AG Custodian 9,735 $734.19K 0.05% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month